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Retail

Currys mulls offers from 'several' suitors of Greece-based Kotsovolos chain

Currys PLC (LSE:CURY) said it is mulling offers for its Greek business from "several" potential buyers but it is still not certain whether a sale will go ahead.

The electrical products retailer launched a strategic review back in June to consider all options for the Kotsovolos chain, which operates around 90 stores across Greece and Cyprus, and is “performing and profitable”.

Currys said in a statement today that since then it has received interest from potential buyers of Kotsovolos, which have submitted non-binding offers.

The board is currently evaluating these offers with the help of its advisers, but said the strategic review "remains ongoing".

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